XRP Update - Stochastic RSI just crossed bullish on the monthly!
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios though! Red box are Fib targets. If we ever dip down there, I'm selling one of my properties to buy more XRP! Highly Doubt we will dip down though! Dips are for buying!! Take a look at the past Stochastic RSI cross on the monthly, what happened? ;)
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
FACTS:
1. Stochastic RSI - Take a look at the past price and Stochastic RSI on the monthly timeframe! Whenever we cross, XRP skyrocket between 14x - 76x! We just crossed again!
2. RSI - Level 53 on the monthly has been strong support and resistance (boxes) the past 7 years. We just bounced off level 53 again! Also highly oversold!!
3. In July, the monthly candle just created a Bullish Hammer Candle (could even count as a dragonfly doji!) Both signals "Capitulates" by sellers to form bottom and price reversal!! Main difference between the two is that the dragonfly doji opens and closes at the same place. A hammer , on the other hand, opens lower and closes slightly below the opening price.
TIPS:
1. Cannot rule bearish scenarios! Buy the dips! (selling house to buy XRP if we ever hit the red box! Highly doubt we go this low!)
2. The 0.618 Fibonacci is the golden pocket which could wick down to 0.55. Highly Unlikely!! But cannot rule out bearish scenarios!!!
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
FACTS:
1. Stochastic RSI - Take a look at the past price and Stochastic RSI on the monthly timeframe! Whenever we cross, XRP skyrocket between 14x - 76x! We just crossed again!
2. RSI - Level 53 on the monthly has been strong support and resistance (boxes) the past 7 years. We just bounced off level 53 again! Also highly oversold!!
3. In July, the monthly candle just created a Bullish Hammer Candle (could even count as a dragonfly doji!) Both signals "Capitulates" by sellers to form bottom and price reversal!! Main difference between the two is that the dragonfly doji opens and closes at the same place. A hammer , on the other hand, opens lower and closes slightly below the opening price.
TIPS:
1. Cannot rule bearish scenarios! Buy the dips! (selling house to buy XRP if we ever hit the red box! Highly doubt we go this low!)
2. The 0.618 Fibonacci is the golden pocket which could wick down to 0.55. Highly Unlikely!! But cannot rule out bearish scenarios!!!
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."